Canadian Tire Co. Limited (TSE:CTC.A - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$163.11 and traded as high as C$186.00. Canadian Tire shares last traded at C$184.03, with a volume of 507,163 shares traded.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Desjardins boosted their price target on shares of Canadian Tire from C$175.00 to C$195.00 and gave the company a "buy" rating in a research note on Tuesday. Jefferies Financial Group upped their target price on shares of Canadian Tire from C$140.00 to C$164.00 in a research note on Friday, May 9th. BMO Capital Markets lowered shares of Canadian Tire from an "outperform" rating to a "market perform" rating and reduced their price target for the company from C$191.00 to C$175.00 in a research report on Friday. Scotiabank upped their price objective on shares of Canadian Tire from C$145.00 to C$150.00 and gave the company an "underperform" rating in a report on Friday. Finally, National Bankshares dropped their price objective on shares of Canadian Tire from C$204.00 to C$190.00 and set a "sector perform" rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of C$173.22.
Read Our Latest Analysis on Canadian Tire
Canadian Tire Trading Down 3.5%
The firm has a market cap of C$8.34 billion, a P/E ratio of 23.31, a PEG ratio of 0.35 and a beta of 1.33. The firm's fifty day moving average is C$183.51 and its two-hundred day moving average is C$163.43. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58.
Insider Activity at Canadian Tire
In related news, Director Steve Frazier purchased 450 shares of the stock in a transaction dated Monday, June 9th. The stock was purchased at an average price of C$178.77 per share, with a total value of C$80,447.09. Company insiders own 1.90% of the company's stock.
About Canadian Tire
(
Get Free Report)
Canadian Tire Corporation, Limited, TSX: CTC.A TSX: CTC or 'CTC', is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions.
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